Borderline too slow is a bit of an understatement; DMX-512 requires a baud rate of 250,000 baud, the best an overclocked 28X/40X can deliver is 192,000.
I did propose a solution for high-speed and unusual baud rate transmissions ( eg, MIDI ), which would be to use serial-in-serial-out shift registers, load the required bits for a transmitted byte at PICAXE rates by bit-banging, and then let PWMOUT run to clock those bits out at the correct rate. Not sure if anyone tried it.
http://www.rev-ed.co.uk/picaxe/forum/Topic.asp?topic_id=3739